AIR INDIA DISINVESTMENT
Air India, Bharat Petroleum Corporation to be sold by March: FM Nirmala Sitharaman
Sitharaman says the strategic sale of Air India and BPCL will be wrapped up by March
Air India to start flying on Mumbai-Nairobi route from November 27
The four-times-a-week non-stop fight will be operated on Tuesdays, Wednesd...
Air India extends bridge-loan bids for Boeing purchase to Nov 22
The selloff-bound airline had on October 30 floated bids from banks/ financi...
Alliance Air starts flight operations on Ahmedabad-Kandla route
Flight operation on the route was started on Monday. Kandla is Alliance Air's 55th destination under UDAN scheme. Alliance Air, a subsidiary of Air India, would operate flight on the Ahmedabad-Kandla route every weekday, according to a release by the Ministry of Civil Aviation.
People from many industries are coming to us and saying they are out of distress: Nirmala Sitharaman
Commenting on her decision to slash corporate tax, the finance minister said that the industry has told her that the decision was taken at the right time and that it has made a big difference to their books. She said that the decision was announced on September 20 and industry will take time in announcing major investment decisions.
Domestic air passenger traffic grows by 3.98 per cent in October
The domestic air traffic last month consisted of 12.31 million passengers compared to 11.84 million passengers in the same month last year, a jump of 3.98 per cent, as per data. IndiGo maintained its lead position with 47.4 per cent share of the domestic passenger market in October, the data showed.
India plans strategic stake sales in 28 state-run companies - minister
The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.
Market ready for consolidation with some downside: Sandip Sabharwal
I do not think there will be either a big downside or a big upside in the near term.
CPSEs can be globally competitive if government, management roles spelt out: CII
The report, set to be released on Monday, recommends that the government inform the top management of CPSEs about its disinvestment plans, a press release by the CII said. “Given the current environment of divestment uncertainty, it is critical to apprise the CPSE top management in advance, about a decision on this,” the release stated.
Air India cabin crew call in sick, get pink slips
Air India’s problem with cabin crew scheduling began last month on Karva Chauth when a number of cabin crew members unexpectedly called in sick. An AI spokesperson confirmed that termination letters were sent to the crew because on November 2 and 3 there was a sudden jump in the number of people who reported sick.
Govt may clear Air India’s dues worth Rs 22,000 cr
The government has taken on Rs 29,400 crore of Air India’s total debt of about Rs 60,000 crore, leaving about Rs 30,600 crore on its books. Separately, its other liabilities amount to Rs 22,000 crore. Of the remaining debt of Rs 30,600 crore, about Rs 12,500 crore are against aircraft loans.
Air India pilots' union opposes privatisation; may resort to strike
The nearly 800-member strong Indian Commercial Pilots' Association has decided to work towards bringing all the unions at the airline under a common platform to oppose privatisation of the airline. The government is working on the final contours of disinvestment of loss-making Air India, which has a debt worth over Rs 58,000 crore.
No Cabinet decision yet on BPCL disinvestment
There is a possibility of government selling its 53.29 per cent stake along with management control in oil marketing and refining firm for about USD 10 billion (around Rs 70,900 crore)
Govt mulling cutting stake in IOC to below 51%
Indian Oil is the third oil company in which it is thinking of cutting stakes.
Taking steps to protect interests of employees: Air India chief on divestment jitters
Air India chief Ashwani Lohani in a communication to the employees on Thursday, said, "Air India, your very own national carrier, is easily the most well-known Indian brand across the globe. It is incumbent upon all of us together to ensure that the brand retains its sheen even in the present testing times."
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